Water & Wastewater: Expanded Duration for Revolving Loans

Water & Wastewater Expanded Duration for CWRPDA Revolving Loans SB 18-019 Support Passed House Sens. Kerry Donovan, D-Vail, and Don Coram, R-Montrose; Reps. Chris Hansen, D-Denver, and Jennifer Arndt, D-Ft. Collins Morgan Cullen mcullen@cml.org Pursuant to the federal Clean Water Act and the federal Safe Water Drinking Act, the Colorado Water Resources and Power Development Authority (CWRPDA) makes loans under its water pollution control revolving fund and its drinking water revolving fund. Under state law, the duration of any water pollution control load made by the authority must not exceed 20 years after a projects completion. However, the Clean Water Act now allows for loans up to the lesser of 30 years or the projected useful life of the project, as determined by the state. This proposed legislation, submitted by the Water Resources Review Committee, would remove the 20-year limitation on water pollution control loans and authorizes the authority to make loans in compliance with the Clean Water Act and the Safe Water Drinking Act.